{
  "id": 12497382,
  "title": "US judge authorizes fund to subpoena New York Fed for documents related to Radiant World",
  "url": "https://urgent.news/2026/10/06/us-judge-authorizes-fund-to-subpoena-new-york-fed-for-documents-12497382",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T23:34:18.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/us-judge-authorizes-fund-subpoena-new-york-fed-documents-related-radiant-world-6437831"
  },
  "original_language": "en",
  "account": "In a Manhattan federal court on Tuesday, Judge John Cronan granted an investment firm permission to request financial records from the New York Federal Reserve and the Clearing House Interbank Payments System. Mariner Atlantic Multi-Strategy LLC had filed a criminal complaint against Swiss-based iron ore trader Radiant World, prompting the subpoenas for payments documentation. Judge Cronan determined that the requested records were not excessively intrusive or burdensome, as they pertained to specific accounts and a defined time period. The judge also deemed the subpoenas necessary, as Mariner was unable to acquire the required information through alternative means and Swiss courts were amenable to collaborating with their US counterparts. Radiant World declined to comment on the matter.",
  "summary": "In a recent ruling, US District Judge John Cronan authorized an investment fund to subpoena payments records from the Federal Reserve Bank of New York and the Clearing House Interbank Payments System. The fund, Mariner Atlantic Multi-Strategy LLC, is seeking documents related to iron ore trader Radiant World as part of a criminal complaint filed in Switzerland. Judge Cronan deemed the subpoenas not overly intrusive or burdensome, as they were seeking specific, easily obtainable records within a defined timeframe. He also noted that the subpoenas were necessary because the information could not be obtained through other means, and US courts were willing to assist the Swiss legal process. Radiant World has not yet commented on the matter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "US judge authorizes fund to subpoena New York Fed for documents related to Radiant World",
        "url": "https://urgent.news/2026/10/06/us-judge-authorizes-fund-to-subpoena-new-york-fed-for-documents",
        "published": "2026-10-06T23:34:18.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "US judge authorizes fund to subpoena New York Fed for documents related to Radiant World",
        "url": "https://urgent.news/2026/10/06/us-judge-authorizes-fund-to-subpoena-new-york-fed-for-documents-12500903",
        "published": "2026-10-06T23:36:24.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "US judge authorises fund to subpoena New York Fed for documents related to Radiant World",
        "url": "https://urgent.news/2026/10/06/us-judge-authorises-fund-to-subpoena-new-york-fed-for-documents",
        "published": "2026-10-06T23:40:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}